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Early December freight reports show no major shipping problems, with volumes expected to slow into the holiday season. Seaborne Freight MID-SHIP is cautiously optimistic about dry bulk in 2017, citing fewer new vessels after scrappings, while the Baltic Dry Index stood at 1,162 and was up about 143 percent year to date.
Firmer dry bulk rates reflect strong Chinese coal and iron ore imports and raise the cost of moving grain on ocean routes, though the outlook for 2017 points to softer freight rates.
steelmarketupdate.comSandy WilliamsDec 8, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
